The case involves an exparte award dated 27.04.2016 against the corporate debtor, which has been challenged under Section 34 of the Arbitration Act before the Bombay High Court. An interim stay order was passed by the Bombay High Court, effective since 12.02.2018, preventing the recovery or payment of the amount in question.
An exparte award was issued on 27.04.2016 against the corporate debtor. This award has been challenged under Section 34 of the Arbitration Act before the Bombay High Court. The Bombay High Court has issued an interim stay order, effective from 12.02.2018, which prevents the recovery or payment of the amount related to the award. The petitioner is taking steps to vacate this stay order. The case is before the National Company Law Tribunal (NCLT). The relevance of the stay order is that it directly impacts the ability to proceed with the recovery of the awarded amount.
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An exparte award was…
The Bombay High Court passed an interim order…
The case involves an exparte award dated 27.04.2016 against the corporate debtor, which has been challenged under Section 34 of the Arbitration Act before the Bombay High Court. An interim stay order was passed by the Bombay High Court, effective since 12.02.2018, preventing the recovery or payment of the amount in question.
An exparte award was issued on 27.04.2016 against the corporate debtor. This award has been challenged under Section 34 of the Arbitration Act before the Bombay High Court. The Bombay High Court has issued an interim stay order, effective from 12.02.2018, which prevents the recovery or payment of the amount related to the award. The petitioner is taking steps to vacate this stay order. The case is before the National Company Law Tribunal (NCLT). The relevance of the stay order is that it directly impacts the ability to proceed with the recovery of the awarded amount.
An exparte award was…
The Bombay High Court passed an interim order…